Award reflects continued strong performance and collaboration with Intelligence community to support warfighters and their leadership
CHANTILLY, Va. — (BUSINESS WIRE) — June 29, 2016 — Engility Holdings, Inc. (NYSE: EGL), today announced it has been awarded a $24 million contract to support the U.S. Army’s Tactical Exploitation of National Capabilities (TENCAP) program. TENCAP provides Army commanders with actionable intelligence information gathered around the world.
Work under this recompete, firm fixed price award will allow the company to continue more than 25 years of engineering support for this customer and the mission. The contract has an 8-month base plus four option years and was awarded in the second quarter of this year.
Engility has maintained regular contact and interactions throughout the Intelligence Community (IC) under the TENCAP “outreach” program as part of its contractual requirements with the Army. These IC components include Army G2, the National Reconnaissance Office, National Geospatial-Intelligence Agency and the National Security Agency. Through continuous collaboration with these agencies, Engility and the TENCAP program convey Army requirements and develop intelligence support that meet the warfighters’ needs.
“Our systems engineering knowledge, combined with insight into advanced science and technology and research and development initiatives within the Intelligence Community, has produced real-time cooperative data exchanges across the network of intelligence disciplines,” said Engility CEO Lynn Dugle. “As a result, we have been able to produce an abundance of courses of action for warfighter situational awareness.”
“We are very proud to continue supporting this vital mission,” Dugle added.
ABOUT ENGILITY
Engility is engineered to make a difference. Built on five decades of heritage, Engility is a leading provider of integrated solutions and services for the U.S. government, supporting customers throughout defense, intelligence, space, federal civilian and international communities. Engility delivers world-class performance, efficiency and best value in a broad range of services from global security to information security, and international development to research and development. Headquartered in Chantilly, Virginia, and with offices around the world, Engility draws upon its intimate understanding of customer needs, deep domain expertise, and skilled team to develop and deliver on-target solutions for critical missions. To learn more about Engility, please visit www.engilitycorp.com and connect with us on Facebook, LinkedIn and Twitter.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Engility’s future prospects, projected financial results, estimated integration costs and acquisition related amortization expenses, business plans, as well as the TASC transaction and its expected benefits and the timing of such benefits. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are also used to identify these forward-looking statements. These statements are based on the current beliefs and expectations of Engility’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause Engility’s actual results to differ materially from those described in the forward-looking statements can be found under the heading "Risk Factors" included in our Annual Report on Form 10-K for the year ended December 31, 2015, and more recent documents that have been filed with the Securities and Exchange Commission (SEC) and are available on the investor relations section of Engility’s website ( http://www.engilitycorp.com) and on the SEC’s website ( www.sec.gov). Forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, historical information should not be considered as an indicator of future performance.
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